Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - American Copper Development Corporation (CSE: ACDX) ("ACDC" or the " Company") reports that it has appointed Marcio Fonseca, P.Geo as an independent board member to its board of directors effective immediately. Marcio Fonseca is a highly regarded mining executive with an M.Sc. in Mineral Project Appraisal from the Imperial College, UK (Integrated with MBA Program) and a Specialization in Economic Engineering (FDC Brazil).
Mr. Fonseca has 30+ years of professional experience across multiple commodities and jurisdictions with large mining corporations and global investment banks. Mr. Fonseca's career achievements include direct involvement in successful discoveries of Tier 1 deposits and developing mine operations in world-class mining districts. He is renowned for his ability to identify, enhance, and develop opportunities within the natural resource sector.
He previously served as VP of Corporate Development for SilverCrest Mines, focusing on successfully turning around and expanding the flagship Santa Elena Mine. Notable accomplishments include his instrumental role in orchestrating successful transactions such as the CAD$155M acquisition of SilverCrest Mines by First Majestic Silver Corp in Mexico and spin-out of SilverCrest Metals - Las Chispas, Mexico.
Prior to SilverCrest, Mr. Fonseca served as the Division Director for Metals and Energy at Macquarie Bank, where he played a pivotal role in business growth in North America focusing on delineating attractive prospects for mining finance and development. His expertise in various jurisdictions encompasses all phases of mineral asset development, and he has held senior corporate, operational and development positions with Vale, Phelps Dodge, and Freeport in Latin America.
More recently, Mr. Fonseca has created new ventures in Latin America and has extensive experience in capital markets, strategic partnerships, mergers and acquisitions, and securing equity and debt financing for natural resource projects on a global scale. He currently serves as President, COO and Founder of GR Silver.
Rick van Nieuwenhuyse, Chairman of the board, commented: "We are pleased to have Marcio join us to build American Copper from the ground-up. His mining finance expertise and his established trapline of projects will be a welcome addition to our board."
About the Company
The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
American Copper Development Corporation
For further information, please contact:
Daniel Schieber
Chief Executive Officer and Director
Phone: (778) 372-9888
Email: invest@american-copper.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking information" under applicable Canadian securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Accordingly, the forward-looking information discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting ACDC. Although ACDC believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on this information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, ACDC disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228689
SOURCE: American Copper Development Corporation (Formerly Known as Cirrus Gold Corp.)
